Canadian Pacific Kansas City Limited (NYSE:CP) Declares Quarterly Dividend of C$0.23

Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Friday, March 27th will be given a dividend of 0.228 per share by the transportation company on Monday, April 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 27th.

Canadian Pacific Kansas City has decreased its dividend by an average of 0.1%per year over the last three years. Canadian Pacific Kansas City has a payout ratio of 20.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Canadian Pacific Kansas City to earn $3.93 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 16.8%.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $3.46 during mid-day trading on Thursday, reaching $75.24. The company’s stock had a trading volume of 2,307,601 shares, compared to its average volume of 2,293,524. The firm’s fifty day moving average price is $72.90 and its two-hundred day moving average price is $74.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. Canadian Pacific Kansas City has a 12-month low of $66.49 and a 12-month high of $83.65. The company has a market capitalization of $67.54 billion, a P/E ratio of 22.94, a PEG ratio of 1.61 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the firm posted $0.99 EPS. Sell-side analysts predict that Canadian Pacific Kansas City will post 3.42 EPS for the current fiscal year.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.